TSX Closes Modestly Higher

RTTNews | vor 150 Tagen

(RTTNews) - The Canadian market closed modestly higher on Tuesday, supported by gains in materials, healthcare and consumer staples sectors. A few stocks from consumer discretionary and energy sectors too posted strong gains.

The benchmark S&P/TSX Composite Index, which climbed more than 100 points to 25,693.68 at the start but dropped to 25,578.72 soon thereafter, ended the day's session at 25,635.73 with a gain of 45.40 points or 0.18%.

Silvercrest Metals (SIL.TO) jumped 7.7%. Torex Gold Resources (TXG.TO) and Pan American Silver Corp (PAAS.TO) climbed 6.3% and 6.2%, respectively.

Celestica (CLS.TO), Alamos Gold (AGI.TO), Propel Holdings (PRL.TO), Agnico Eagle Mines (AEM.TO), MDA Space (MDA.TO), Bombardier Inc (BBD.B.TO), Premium Brands Holdings (PBH.TO), Jamieson Wellness (JWEL.TO) and North West Company (NWC.TO) closed higher by 3 to 5.4%.

Finning International (FTT.TO), Wheaton Precious Metals (WPM.TO), Ag Growth International (AFN.TO), Cogeco Inc (CGO.TO), Cogeco Communications (CCA.TO), Nutrien (NTR.TO), Docebo Inc (DCBO.TO), ATCO (ACO.X.TO), Canadian Natural Resources (CNQ.TO), Restaurant Brands International (QSR.TO), George Weston (WN.TO) and Loblaw (L.TO) also closed with strong gains.

Enbridge, Inc. (ENB.TO) closed modestly higher. The company said today that its expects distributable cash flow or DCF to be in the range of $5.50 to $5.90 per share in fiscal 2025. The company also reaffirmed its 2023 to 2026 growth of 4 to 6% for adjusted earnings per share, approximately 3% for DCF per share, and 7 to 9% for EBITDA.

Despite reporting a sharp jump in quarterly earnings, Bank of Nova Scotia (BNS.TO) closed 3.3% down, as the numbers fell short of expectations. The bank reported a net income of $1,689 million for the fourth quarter ended October 31, 2024, compared to $1,354 million in the fourth quarter last year.

Great-West Lifeco (GWO.TO) closed lower by 3.4%. Hut 8 Corp (HUT.TO), Constellation Software (CSU.TO), Aecon Group (ARE.TO), Capital Power Corporation (CPX.TO), EQB Inc (EQB.TO) and Methanex Corporation (MX.TO) also declined sharply.

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | vor 1Std 19 Minuten

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | vor 1Std 40 Minuten

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | vor 2Std 37 Minuten

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | vor 4Std 35 Minuten

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | vor 5Std 29 Minuten

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | vor 5Std 53 Minuten

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | vor 6Std 5 Minuten

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.

RTTNews | vor 6Std 8 Minuten

EURUSD	1.12953	GBPUSD	1.32691	AUDUSD	0.64415
USDJPY	145.056	USDCAD	1.38163	USDCHF	0.82745

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TSX Closes Modestly Higher